Document library
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Scottish Independence: some questions from the Institute and Faculty of Actuaries
Scottish Independence: some questions from the Institute and Faculty of Actuaries This document sets out questions from the Institute and Faculty of Actuaries on the subject of the referendum on Scottish Independence to be held in September 2014. ... read more >>
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- Author:
- Professional Regulation Executive Committee
Professional Regulation Executive Committee (2012). Conflicts of Interest: A Note for Pension Scheme Trustees. Edinburgh: Institute and Faculty of Actuaries version 1.1
This Note for Pension Scheme Trustees is designed to assist actuaries in explaining to trustee boards the professional obligations which fall on them. Additionally, it is to assist trustee boards in exploring with their actuary the kinds of conflicts ... read more >>
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- Author:
- Professional Regulation Executive Committee
Professional Regulation Executive Committee (2012). Conflicts of Interest: A Guide for Actuaries. Edinburgh: Institute and Faculty of Actuaries version 1.1
This Guide for Actuaries is designed to assist actuaries in all practice areas to think about, identify and manage conflicts of interest which they may face in their working lives. This version is version 1.1 which was in November 2012 and is ... read more >>
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- Author:
- Institute and Faculty of Actuaries
GIRO Committee 2014 - Task and Person Specification
This document sets out the task and person specification for a volunteer member of this committee. Committee Member – GIRO Committee 2014 The Institute and Faculty of Actuaries (IFoA) is seeking proactive, innovative volunteers to join the Committee ... read more >>
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- Author:
- Ji Yeo
- Source:
- GIRO40
A Report from GIRO Advanced Pricing Techniques (APT) Working Party
This paper examines in details six overlooked facts of using generalized linear models (GLMs) for non-life pricing and discusses whether the use of GLMs is still fit for purpose in a competitive market. The six facts of GLMs discussed are 1. Either zero or ... read more >>
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- Author:
- Marion Gremillet, Pierre Miehé and José Luis Vilar Zanón
- Source:
- GIRO40
Reversible Jump Markov Chain Monte Carlo method
Calculating deterministic reserves is no longer sufficient in our times of enhanced Risk Management. Today, Insurers strive to have a complete view of the risk underlying reserves valuation: therefore stochastic projection methods become central to today’s ... read more >>
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- Author:
- Joseph Lo and Corina Constantinescu
- Source:
- GIRO40
Ruin Theory Starter Kit #1
The aim of the paper is to provide general insurance actuaries a starting point for evaluating and engaging with ruin theory in a practical manner. Towards this goal, the paper undertakes three tasks. First, it sets out the basic mathematical principles ... read more >>
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- Author:
- Solvency II Technical Provisions Working Party
- Source:
- GIRO40
Solvency II Technical Provisions for General Insurers
Solvency II Technical Provisions for General Insurers by the Institute & Faculty of Actuaries General Insurance Reserving Oversight Committee’s Working Party on Solvency II Technical Provisions: Susan Dreksler (Chair), Christopher Allen, ... read more >>
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GI PSC Terms of Reference
General Insurance Professional Standards Committee (GI PSC) Terms of Reference Boards have a responsibility to provide input to help the profession ensure the development and maintenance of robust technical and ethical standards and non-mandatory ... read more >>
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GIRO Terms of Reference
General Insurance Research Organising Committee (GIRO) Research and thought leadership: Identify, promote and foster research opportunities, including: o Oversight and guidance of member-led research initiatives, in accordance with the ‘Guidance for ... read more >>
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GI ROC Terms of Reference
General Insurance Reserving Oversight Committee (GIROC) Terms of Reference To be responsible to the GI Board for all matters relating to the profession in connection with the practice and process of reserve estimation for general insurance business ... read more >>
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GI ECPD Terms of Reference
General Insurance Education and Continuing Professional Development (ECPD) Subcommittee Terms of Reference CPD: Development of General Insurance CPD programme and forward event planning including: o Liaison with relevant Boards/groups/committees and ... read more >>
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GI Board Terms of Reference
General Insurance Board Terms of Reference Overall Board Objective: To be a source of expertise within the profession on matters relating to the general insurance practice area, and to promote, support and champion the interests of practice area ... read more >>
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- Author:
- Institute and Faculty of Actuaries
Practice Executive Committee's end of session report 2012/2013
This is the first report specifically designed to showcase the valuable output the Practice Executive Committees (PECs) and Sub committees contribute to the work of the Institute and Faculty of Actuaries. It sets out some of the key outputs and ... read more >>
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- Author:
- Mark Sansom; Martin McElwee
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- Practical guidance for volunteers - on issues relating to competition law
Practical guidance for volunteers - on issues relating to competition law
Freshfields Bruckhaus Deringer LLP Keeping within the boundaries of competition law Mark Sansom & Martin McElwee August 2013 1 What areas are we going to discuss? 1 Why does competition law compliance matter? Risks for the IFoA and its ... read more >>
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- Author:
- Joseph Lo, Aspen
- Source:
- GIRO Conference and Exhibition 2011
Extending the Mack Bootstrap
Winner of the 2011 Brian Hey Prize - GIRO Paper 2011 Foreword * Joseph Lo, London, U.K.; joseph.lo@aspen.co 29 Foreword Many general insurance actuaries have a love-hate relationship with the Mack bootstrap. The methodology has usefully provided ... read more >>
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- Author:
- IFoA
Terms of Reference - General Insurance Board
This document sets out the terms of reference for the General Insurance Board (formerly PEC). General Insurance Board Terms of Reference Overall Board Objective: To be a source of expertise within the profession on matters relating to the general ... read more >>
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- Author:
- IFoA
Task and Person Specification - Deputy Chair GI Board
This document sets out the task and person specification for the Deputy Chair of the GI Board (formerly PEC). Deputy Chair - General Insurance Board (formerly PEC) We are seeking to appoint a proactive, innovative volunteer to take on the role of ... read more >>
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- Author:
- IFoA
Task and Person Specification - Member - GI Board (formerly PEC)
This document sets out the task and person specification for a member of the GI Board (formerly PEC). General Insurance (GI) Board - member The Institute and Faculty of Actuaries (IFoA) is seeking to appoint an experienced, proactive and innovative ... read more >>
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- Author:
- IFoA
Terms of Reference - General Insurance Board
This documents sets out the Terms of Reference for the General Insurance Board (formerly PEC). General Insurance Board Terms of Reference Overall Board Objective: To be a source of expertise within the profession on matters relating to the general ... read more >>